Crocs, Inc. (NASDAQ:CROX) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its position in shares of Crocs, Inc. (NASDAQ:CROX) by 24.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 79,839 shares of the textile maker’s stock after purchasing an additional 15,799 shares during the quarter. LPL Financial LLC owned 0.14% of Crocs worth $8,745,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of Crocs by 46.6% during the 4th quarter. UMB Bank n.a. now owns 447 shares of the textile maker’s stock worth $49,000 after buying an additional 142 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Crocs during the 3rd quarter valued at about $73,000. Jones Financial Companies Lllp increased its holdings in Crocs by 38.3% during the 4th quarter. Jones Financial Companies Lllp now owns 744 shares of the textile maker’s stock valued at $81,000 after acquiring an additional 206 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Crocs during the fourth quarter worth about $96,000. Finally, Quarry LP purchased a new stake in shares of Crocs in the third quarter valued at about $104,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Shannon Sisler sold 4,659 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total transaction of $511,325.25. Following the sale, the executive vice president now directly owns 29,299 shares in the company, valued at approximately $3,215,565.25. This trade represents a 13.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Adam Michaels sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $106.69, for a total value of $1,600,350.00. Following the completion of the transaction, the executive vice president now owns 89,323 shares of the company’s stock, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Crocs Trading Up 4.9 %

CROX stock opened at $100.65 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 6.29, a PEG ratio of 1.80 and a beta of 1.62. The business has a fifty day simple moving average of $102.96 and a 200-day simple moving average of $112.16. Crocs, Inc. has a 52 week low of $88.25 and a 52 week high of $165.32.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 EPS for the quarter, topping the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. On average, equities research analysts expect that Crocs, Inc. will post 13.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CROX. Robert W. Baird cut their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Barclays reduced their price objective on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Bank of America lifted their price objective on Crocs from $144.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, UBS Group upped their target price on shares of Crocs from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Crocs presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.53.

Crocs Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.